Earnings of Singapore Pools!! Approx. S$5 billion per year!!

last SG · 2007-06-15T13:24:16+00:00

.....and the $10 million hong bao draw is about 0.2% of a year's revenue..... could be why they finally realised gambling brings in the dough....thus the in...

Parka SG

Give out so little to charity?

Erm. Which other company in Singapore gives out more than 20% of their earnings to charity?

Kenashi SG

i remember, it is a 50-50 probability
tio or bo tio
Laughing

Patrik SG

Everyday also got "cai shen ye" queuing up at sgpools,donating $$$.
Laughing

Kenashi SG

no lah, it is everyone is a cai shen ye Laughing

pqr SG

should be legal robbers

de_middle SG

Originally posted by Lowclassman:
[b]GREED is the WORD

That's why they are saying..''we have capable GOV'' ''Honest'' Laughing [/b]

honesty is the best policy Laughing

<Precious> SG

Your source joon anot in the very first place.......? Laughing

Gazelle SG

M13,

for 4D, TOTO and Bigsweep, the 25% duties is on gross collection (not profit) hence it is wrong to classify them under profit in your calculation.

Gazelle SG

If you want to know where does this money goes to and how it is being use, you can visit.

http://www.singtote.gov.sg/index.html
http://www.mof.gov.sg/budget_2007/revenue_expenditure/toc.html

It is more constructive to read first before speculating.

mistyblue SG

Singapore pools is one source.

please also calculate the Singapore Turf Club.

And for all you know, 5b may just be a conservative estimate.

Gazelle SG

You have the right to choose if you want to be "rob"

maurizio13 SG

Some people have a problem understanding simple English.

o0Nite0o SG

If the profits from singapore pools goes back to the citizen,

wouldn't gambling be similar to paying taxes? Laughing

Gazelle SG

the tax revenue from 4D, Toto and Bigsweep contribute to about 90% of the total tax revenue from lottery, hence if you assume that they are bottomline instead top line in your calculation, you are actually providing a very distorted picture which is meaningless for discussion. Period!

Just look at the title of this thread, it is nothing but pure prime BS!!

Ito_^ SG

most of those money goes into the big fat pockets of the management and distributed another large sum to the middle management to keep their mouth shut.

and wadever dats left into charity.

juz today a girl's home will need money to find a new place, and the 12 yr old to 18 yr old girls themselves have to start a fund raiser event tmr to raise money to save their home.

part of their expenditures come from the government. and yet, they face being closed down. there doesn't seem to have any safety net for em, even with all those revenues every year. Mad

maurizio13 SG

Since when it goes back to the citizens?

It goes back to the government's coffer.

Ito_^ SG

BUT BUT BUT I TOT THE GOVERNMENT BELONGS TO THE PEOPLE!? Crying or Very sad

kengkia SG

in sillypore govt belongs to LKY and people belongs to govt ans slave money making machine for LKY...twisted fact here...but..it's so UNIQUELY SINGAPORE!!!!.... Laughing

rane SG

That's why I feel stifled here!!! May suffocate one day you know!!!

Singapore Pools earns so much and yet very one kind to employees. A relative who works for Singapore Pool is a transferred staff from Turf Club. Now union is fighting for profit sharing for these staff formerly from Turf Club, Singapore Pool doesn't wanna give them profit sharing. Wa, they earn so much yet so . . . . . Didn't the "good" gahmen of Singapore encourage employers to pay employees good bonus or whatever when the company makes $$$ and now they practice otherwise. Mr. Green

Real sucker - they earn so much, it is the sort of business that requires no "ben qian" unlike other businesses.

rane SG

hey, i think they think otherwise - people belong to gahmen!! So we gonna work very hard to let them decide what sort of super high pay they want to receive!! Mad Mr. Green

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